Swiss Life Asset Management Ltd lifted its position in Wells Fargo & Company (NYSE:WFC) by 4.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,567 shares of the financial services provider’s stock after acquiring an additional 14,168 shares during the period. Swiss Life Asset Management Ltd’s holdings in Wells Fargo & Company were worth $32,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in the company. Private Wealth Group LLC increased its position in shares of Wells Fargo & Company by 2.5% in the 4th quarter. Private Wealth Group LLC now owns 4,514 shares of the financial services provider’s stock valued at $421,000 after acquiring an additional 108 shares during the period. Moss Adams Wealth Advisors LLC increased its position in shares of Wells Fargo & Company by 1.0% in the 4th quarter. Moss Adams Wealth Advisors LLC now owns 12,048 shares of the financial services provider’s stock valued at $1,123,000 after acquiring an additional 117 shares during the period. Main Street Group LTD increased its position in shares of Wells Fargo & Company by 36.9% in the 3rd quarter. Main Street Group LTD now owns 438 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares during the period. D Orazio & Associates Inc. increased its position in shares of Wells Fargo & Company by 3.6% in the 3rd quarter. D Orazio & Associates Inc. now owns 3,436 shares of the financial services provider’s stock valued at $288,000 after acquiring an additional 118 shares during the period. Finally, Stonebrook Private Inc. increased its position in shares of Wells Fargo & Company by 2.7% in the 3rd quarter. Stonebrook Private Inc. now owns 4,511 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 118 shares during the period. 75.90% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Bridget E. Engle sold 30,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $87.10, for a total transaction of $2,613,000.00. Following the sale, the executive vice president directly owned 83,478 shares in the company, valued at $7,270,933.80. This trade represents a 26.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ellen R. Patterson sold 60,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $87.40, for a total value of $5,244,000.00. Following the sale, the executive vice president owned 169,496 shares in the company, valued at $14,813,950.40. This trade represents a 26.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 115,000 shares of company stock worth $10,050,000 in the last ninety days. Company insiders own 0.14% of the company’s stock.
Wells Fargo & Company Stock Performance
Wells Fargo & Company (NYSE:WFC – Get Free Report) last posted its earnings results on Tuesday, April 14th. The financial services provider reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.58 by $0.02. Wells Fargo & Company had a return on equity of 13.27% and a net margin of 17.26%.The firm had revenue of $11.62 billion for the quarter, compared to analysts’ expectations of $21.85 billion. During the same period last year, the firm earned $1.39 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities analysts forecast that Wells Fargo & Company will post 6.82 earnings per share for the current year.
Wells Fargo & Company Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 8th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, May 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Wells Fargo & Company’s dividend payout ratio (DPR) is 27.78%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on WFC shares. The Goldman Sachs Group cut their price objective on shares of Wells Fargo & Company from $109.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Evercore restated an “outperform” rating on shares of Wells Fargo & Company in a research report on Friday, March 6th. KGI Securities downgraded shares of Wells Fargo & Company to a “hold” rating in a research report on Thursday, April 16th. Barclays cut their price target on Wells Fargo & Company from $113.00 to $108.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Wells Fargo & Company in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.53.
Check Out Our Latest Stock Report on WFC
More Wells Fargo & Company News
Here are the key news stories impacting Wells Fargo & Company this week:
- Positive Sentiment: Phillip Securities upgraded Wells Fargo & Company (WFC) from “moderate buy” to “strong-buy,” reinforcing the view that the bank’s turnaround and earnings strength still have room to run.
- Positive Sentiment: Market commentary noted that Wells Fargo’s comeback looks real, supported by accelerating loan growth, rising shareholder returns, and stronger customer activity, which could help sustain investor confidence. Wells Fargo’s Comeback Is Real—But Not Risk-Free
- Positive Sentiment: Additional article coverage framed WFC as a potentially attractive dividend stock, which may appeal to income-focused investors looking for a large-cap financial name with improving fundamentals. Wells Fargo (WFC) Could Be a Great Choice
- Neutral Sentiment: There was also heavy put option activity in Wells Fargo, with traders buying 82,048 puts versus a typical volume of 59,215, suggesting some hedging or bearish positioning despite the recent positive coverage.
- Neutral Sentiment: Separately, Wells Fargo has been active on the research side across other stocks, including a downgrade of Nike and higher price targets on Arm Holdings, but those calls are not direct catalysts for WFC shares.
Wells Fargo & Company Profile
Wells Fargo & Company is a diversified, U.S.-based financial services company headquartered in San Francisco, California. Founded in 1852 by Henry Wells and William G. Fargo, the firm has evolved from its origins in express delivery and pioneer-era banking into one of the largest full-service banks in the United States. The company provides a broad range of financial products and services to individual, small business, commercial, and institutional clients. Charles W. Scharf serves as chief executive officer.
Wells Fargo operates across several core business segments, including consumer banking and lending, commercial banking, corporate and investment banking, and wealth and investment management.
Read More
- Five stocks we like better than Wells Fargo & Company
- 3 Companies Quietly Essential to Data Center and AI Operations
- Beyond NVIDIA: Picks-and-Shovels AI Plays with Strong Momentum
- Quantum Earnings Season Is Ramping Up—What to Watch From 2 Major Players
- Flutter Sees Post-Earnings Boost as FanDuel Shows Signs of Recovery
Want to see what other hedge funds are holding WFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wells Fargo & Company (NYSE:WFC – Free Report).
Receive News & Ratings for Wells Fargo & Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wells Fargo & Company and related companies with MarketBeat.com's FREE daily email newsletter.
